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Q29 (IAS/2015) Economy › Money, Banking & Inflation › Inflation measurement Official Key

Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?

Result
Your answer: —  Âˇ  Correct: C
Explanation

The Consumer Price Index Numbers for Industrial Workers CPI (IW) are being compiled, maintained and disseminated by the Labour Bureau since its inception.[1] CPI-IW is a price index released by the Labour Bureau to measure the impact of price rise on the cost of living for working class families spread across certain select industries.[2] The CPI Industrial Workers (CPI-IW) index measures the change in price of commodity basket consumed by the industrial workers and is published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.[3] The base year for CPI-IW was changed from 2001 to 2016 in October 2020.[4] Therefore, the Labour Bureau is the correct answer, not the Reserve Bank of India, Department of Economic Affairs, or Department of Personnel and Training.

Sources
  1. [1] https://des.delhi.gov.in/sites/default/files/DES/universal-tab/prices_indices_2015-16.pdf
  2. [2] https://www.indiabudget.gov.in/budget2021-22/economicsurvey/doc/vol2chapter/echap05_vol2.pdf
  3. [3] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
  4. [4] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
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Don’t just practise – reverse-engineer the question. This panel shows where this PYQ came from (books / web), how the examiner broke it into hidden statements, and which nearby micro-concepts you were supposed to learn from it. Treat it like an autopsy of the question: what might have triggered it, which exact lines in the book matter, and what linked ideas you should carry forward to future questions.
Q. Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'? [A] The Reserve Bank of India [B] The Depar…
At a glance
Origin: Books + Current Affairs Fairness: Moderate fairness Books / CA: 7.5/10 ¡ 2.5/10
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This is a classic 'Agency-Index Mapping' question found in every standard Economy textbook. It tests the fundamental administrative division of labor: RBI handles money, MoSPI handles general stats, and Labour Bureau handles workforce-specific data. Missing this means you skipped the 'Who publishes what' table in your Inflation chapter.

How this question is built

This question can be broken into the following sub-statements. Tap a statement sentence to jump into its detailed analysis.

Statement 1
Does the Reserve Bank of India publish the Consumer Price Index Number for Industrial Workers (CPI-IW)?
Origin: Web / Current Affairs Fairness: CA heavy Web-answerable

Web source
Presence: 5/5
"The Consumer Price Index. Numbers for Industrial Workers CPI (IW) are being compiled, maintained and disseminated by the Labour Bureau since its inception in ..."
Why this source?
  • Explicitly states which agency compiles, maintains and disseminates CPI-IW.
  • Shows responsibility lies with the Labour Bureau, not the Reserve Bank of India.
Web source
Presence: 5/5
"CPI-IW is a price index released by the Labour Bureau to measure the impact of price rise on the cost of living for working class families spread across certain select industries."
Why this source?
  • Describes CPI-IW as a price index released by the Labour Bureau.
  • Reinforces that Labour Bureau, not RBI, is the releasing agency for CPI-IW.
Web source
Presence: 5/5
"Labour Bureau, Shimla has been compiling and releasing Consumer Price Index on a monthly basis for 78 selected centers in India, including Delhi."
Why this source?
  • States Labour Bureau, Shimla compiles and releases the Consumer Price Index on a monthly basis for selected centers.
  • Specifies the compilation/release role of Labour Bureau for CPI-IW (supports that RBI is not the publisher).

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1. Consumer Price Index (CPI): > p. 31
Strength: 5/5
“So, in India we have several CPI indices for different category/class of people: • CPI Industrial Workers (CPI -IW): This index measures the change in price of commodity basket consumed by the industrial workers• CPI Agricultural Labourers (CPI -AL): This index measures the change in price of commodity basket consumed by the agricultural labourers• CPI Rural Labourers: This index measures the change in price of commodity basket consumed by the rural labourers These indices are published monthly by Labour Bureau under Ministry of Labour and Employment for all India as well as States and Union Territories.”
Why relevant

States that several CPI indices including CPI (IW) are published monthly by the Labour Bureau under the Ministry of Labour and Employment (identifies a specific publisher for CPI-IW).

How to extend

A student could use the rule that CPI-IW is linked to Labour Bureau to check whether RBI publishes it (if Labour Bureau publishes it, RBI likely does not).

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > b) Consumer Price Index > p. 66
Strength: 5/5
“(b) Consumer Price Index • Consumer Price Index (CPI) measures the change in retail prices on a monthly basis. It includes both goods and services.• It focuses on a homogeneous group of consumers, i.e., consumers with the same likes or dislikes in terms of commodity basket. Presently, it takes into consideration two homogeneous groups: rural households and urban households.• It reflects the cost of living of the two concerned categories of consumers. • S. No.: 1; Index: CPI - Industrial Worker; Base Year Used: 2016 (changed from 2001 to 2016 recently by GOI in Oct, 2020); Compiled by: Labour Bureau under Ministry of Labour and Employment, GOI • S.”
Why relevant

Lists CPI - Industrial Worker and explicitly notes it is compiled by the Labour Bureau under Ministry of Labour and Employment (another statement assigning responsibility to Labour Bureau).

How to extend

Combine this with knowledge that government statistical agencies publish indices to infer which agency is responsible for CPI-IW rather than the central bank.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 1.19 Previous Years Questions > p. 34
Strength: 4/5
“Which of the following brings out the "Consumer Price Index Number for Industrial Workers"? [2015] • (a) The Reserve Bank of India• (b) The Department of Economic Affairs• (c) The Labour Bureau• (d) The Department of Personnel and Training• 6. Increase in absolute and per capita real GNP do not connote a higher level of economic development, if [2018] • (a) industrial output fails to keep pace with agricultural output.• (b) agricultural output fails to keep pace with industrial output.• (c) poverty and unemployment increase.• (d) imports grow faster than exports.• 7. Despite being a high saving economy, capital formation may not result in significant increase in output due to [2018] • (a) weak administrative machinery• (b) illiteracy• (c) high population density• (d) high capital-output ratio”
Why relevant

Presents an exam MCQ asking which body 'brings out' CPI-IW with options that include the RBI and the Labour Bureau, implying this is a question of institutional responsibility (and that Labour Bureau is a plausible answer).

How to extend

A student could treat this as an indicator that publication responsibility is commonly attributed to Labour Bureau and verify by checking official sources for publisher attribution.

Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 4: Inflation > CPI Rural, CPI Urban and CPI (Combined) > p. 67
Strength: 4/5
“• It covers 448 items in the rural basket and 460 items in the urban basket. • Base year used to compute CPI has been revised from the year 2010 = 100 to 2012 = 100. • For computing Dearness Allowance, CPI is used (not WPI). • For inflation targeting, Reserve Bank of India (RBI) and the Central Government since 2015 uses CPI (Combined) (instead of WPI) for policymaking based on the report of the Urjit Patel Committee. • --------------------------------------: Headline Inflation is based on CPI (Combined).”
Why relevant

Explains that different CPI aggregates (e.g., CPI Combined) are published by other statistical bodies (NSO) and that CPI variants are used differently for policy, showing a pattern that various indices are published by different government agencies.

How to extend

Use the pattern that statistical agencies (not RBI) publish CPI series to judge whether RBI would be the publisher of CPI-IW; then check the specific agency responsible for CPI-IW.

Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 1: Fundamentals of Macro Economy > 2. Wholesale Price Index (WPI): > p. 32
Strength: 3/5
“WPI measures the change in prices in the wholesale market, where goods are traded in bulk. It is published monthly by Office of Economic Advisor, Department for Promotion of Industry and Internal Trade (DPIIT) under Ministry of Commerce and Industry. While the CPI-based retail inflation looks at the price which the consumer pays to buy the goods and services, the WPI tracks prices which the producer gets at the wholesale, or factory gate/mandi levels. Between the wholesale price and the retail price, the difference essentially is the former only tracks basic prices devoid of transportation cost, indirect taxes and the retail margin etc.”
Why relevant

Describes WPI as being published by DPIIT, illustrating the general rule that price indices are published by the relevant ministries/agencies rather than the RBI.

How to extend

Extend the pattern that commodity/price indices are produced by specific government departments to hypothesize that RBI is unlikely to publish CPI-IW and then verify with the Labour Bureau/Ministry sources.

Statement analysis

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Statement analysis

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Statement analysis

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SIMILAR QUESTIONS

IAS ¡ 2010 ¡ Q115 Relevance score: 1.19

With reference to India, consider the following Statements: 1. The Wholesale Price Index (WPI) in India is available on a monthly basis only 2. As compared to Consumer Price Index for Industrial Workers (CPI (IW)), the WPI gives less weight to food articles. Which of the statements given above is/are correct?

CDS-I ¡ 2017 ¡ Q100 Relevance score: 0.88

Which one of the following indices is now used by the Reserve Bank of India to measure the rate of inflation in India?

IAS ¡ 1997 ¡ Q67 Relevance score: 0.85

In India, inflation is measured by the

IAS ¡ 2020 ¡ Q37 Relevance score: -0.36

Consider the following statements : 1. The weightage of food in Consumer Price Index (CPI) is higher than that in Wholesale Price Index (WPI). 2. The WPI does not capture changes in the prices of services, which CPI does. 3. Reserve Bank of India has now adopted WPI as its key measure of inflation and to decide on changing the key policy rates. Which of the statements given above is/are correct ?

IAS ¡ 2022 ¡ Q38 Relevance score: -0.40

In India, which one of the following is responsible for maintaining price stability by controlling inflation ?